A successful high-yield bond issue from mid-sized Guangzhou R&F Properties Co. could signal that Chinese developers can once again tap bond markets to plug their financing needs.

On Wednesday, Guangzhou R&F Properties increased the tap size of its April 2016 dollar bond from around $200 million to $238 million, with the yield expected to be tighter than its initial guidance of 12.375%, according to a term sheet seen by Dow Jones Newswires. The deal has attracted $2.5 billion of orders from investors — and that’s after the mid-sized developer issued a profit warning in July.

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